Shanxi Denghai Seeds Co., Ltd. announced that it will receive CNY 7,000,000 in an equity round of funding on March 7, 2017. The transaction will include participation from existing investor ShanDongDenghai Seeds Co.,LTD (SZSE:002041). Upon completion of the transaction; the company’s registered capital will increase from CNY 5,000,000 to CNY 12,000,000. The transaction has been approved in the 8th extraordinary meeting of the 6th directorate of the investor. The transaction doesn’t require approval from shareholders of the investor. The investor will hold 100% stake in the company.